HomeMy WebLinkAboutLansing Tax Increment Finance Authority Minutes 04.10.26Page 1 of 2
Lansing Tax Increment Finance Authority (TIFA)
Board of Directors Meeting
Friday, April 10, 2026 – 8:30 AM
Lansing EDC Office - 401 S. Washington Sq. Suite 101, Lansing, MI 48933
MINUTES
Members Present: Shelley Davis Boyd, Calvin Jones, Jonathan Smith, Chaz Carrillo,
Dr. Cristina Benton, Dr. Alane Laws-Barker, Catherine Rathbun
Members Absent: Bryan Britten, Rawley Van Fossen
Staff Present: Kris Klein, Amiee Evans, Brian Swett, Alex Watkins, Aurelius
Christian, Shay Manawar, Chelsea Dowler
Guests: Rhonda Jones & Travis Sparks (LBWL)
Call to Order
Chair Boyd called the Lansing TIFA Board Meeting to order at 9:01A.M.
Approval of TIFA Board Meeting Minutes – Friday, March 6, 2026 (ACTION)
MOTION: Member Smith moved to approve the TIFA meeting minutes from Friday, March 6, 2026,
Board of Directors meeting, as presented. Motion seconded by Member Carrillo.
YEAS: Seven (7); Unanimous; motion carried.
Approval of TIFA Informational Meeting #1 of 2026 Minutes – Friday, March 6, 2026 (ACTION)
MOTION: Member Jones moved to approve the TIFA Informational meeting #1 of 2026 minutes from
Friday, March 6, 2026, as presented. Motion seconded by Member Benton.
YEAS: Seven (7); Unanimous; motion carried.
Financial Update
Klein provided a financial update to the Board, including that the capture amounts for FY2026 are
greater than estimated which will increase the administrative fee to LEDC, and the FY2026 and
FY2027 budgets will be revised. Klein shared that we are exploring the possibility of defeasing the
bonds with the TIFA’s available fund balance. Smith asked what the impact of a recession would be
on the TIFA projections. Klein provided some historical context and scenarios that could occur in
the event of a recession or change in property valuations.
Open Forum for TIFA Board Members
None
Other Business
None
Page 2 of 2
Public Comment
None
Adjournment
Chair Boyd called the Lansing TIFA Board meeting to adjourn at 9:09 A.M.
__________________________________________
Kris Klein, President & CEO
Lansing Economic Development Corporation (LEDC)